I went to a car dealership in North Carolina...can they?

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If I were you- I wouldn't count on getting to keep the car.

Good luck

I went to a car dealership in North Carolina...can they?

They can ask for the vehicle back. I dont really know the exact process for retrieving it if you refuse to let them have it back. The agreement is based upon you getting approved for the loan and it looks like that is not going to happen. If you traded something in they will have to give you that trade in back and any down payment. They also can not charge you any money for the time period that you had the car. They released the car under a good will assumption that you would be provided credit for the vehicle based on the info that you gave them and you were unable to. So if they try to get money out of you for the time you had the car dont allow it and take them to court for that.

I went to a car dealership in North Carolina...can they?

Car notes often contain a provision that allows them to pre-emptively take the car if they reasonably believe their security is threatened. Your lack of employment is probably a reasonable ground to believe that payments might not be forthcoming. This relieves them of having to wait for a default to take their security back if they think there's a high risk that they will have to take it eventually. With a no-money down loan, their threshhold will be lower both in court and in reality.

Ask the people at the interview to explain it to you. Be prepared to sell them your ability to get work and pay. Realize that you don't have anything invested here, and they do.

BE REASONABLE. If you're not, they won't be, either.

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I went to a car dealership in North Carolina...can they?

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